Hey everybody, welcome back to the Elon Musk Podcast.
This is a show where we discuss the critical Crossroads, The
Shape, SpaceX, Tesla X, The Boring Company, and Neuralink,
and I'm your host, Will Walden. Open AI is in talks for a new
funding round that could push its valuation to an eye, popping
$100 billion or more. This isn't just any funding
round though. It's a game changer that could
vault Open AI into the ranks of the most valuable start-ups
worldwide. Now, Open AI is engaging with
potential investors, but everything's hush hush for now,
and the insiders are keeping details under wraps, so we're
talking about information that's as exclusive as it gets.
Now let's put things into perspective here though.
If Open AI nails this funding round, we're looking at the
second most valuable startup in the US, sitting right behind
Elon Musk's SpaceX. That's according to the latest
from CB Insights, and it's a big deal right now.
Now Open AI is playing it cool though.
Open AI is looking for a tender offer in early January with a
valuation around $86 billion, the demand from investors is
outstripping the supply of shares, a clear sign of Open AI
hot ticket status in the investment community.
Now remember when Open AI dropped ChatGPT and turn heads
all over the world? Hundreds of millions of users.
Now that was a defining moment for Open AI.
Since then they pulled in $13 billion, with big names like
Microsoft betting big on them. And the ripple effects of Open
AI's rise are everywhere. Giants like Amazon and Alphabet
are pouring billions into AI ventures like anthropic
Salesforce has thrown its weight behind hugging face, valuing it
a cool $4.5 billion. And NVIDIA, the big player in AI
chips, is making moves, too. Now Open AI isn't just resting
on its laurels, though. They're reportedly in talks with
Abu Dhabi's G42 for a whopping 8 billion to $10 billion for a new
chip venture. It's a bold move, stepping into
the hardware arena to take on NVIDIA.
The project code name Tigris, is Open AI, Sam Altman's baby.
He's eyeing the AI chip market, aiming to shake things up.
This is Open AI, expanding its horizons, moving beyond just
software to hardware. And it's a huge pivot.
In October, Open AI announced the strategic partnership with
G42. This partnership is a
significant move of her Open AI because they're getting into the
Middle Eastern market. G42, established in 2018, is an
influential player in the region, known for its advanced
technology solutions as strong connections in the business and
governmental sectors. Now the collaboration aims to
deliver state-of-the-art AI solutions to the UAE and its
neighboring regions. This partnership is not just a
business venture, though. It means that Open AI is
expanding into new geographical territories.
There's global ambitions now, and they recognize that the
Middle East is important for upcoming AI tech.
And the partnership between Open AI and G42 is more than a simple
collaboration is strategic alignment of goals and
expertise. G42 brings a wealth of regional
knowledge, financial resources and a network of government and
industrial connections. This opens up new avenues for
open AI, providing a platform to adapt and offer its AI solutions
in a market that's rapidly embracing digital
transformation. The collaboration is expected to
yield cutting edge AI applications tailored to meet
the unique needs and challenges of that region.
Now this includes potential advancements in sectors like
healthcare, education, and smart city development where AI can
play a transformative role. This partnership also signifies
the growing global influence of AI and the importance of cross
regional collaborations in the field.
And by teaming up with G42, Open AI is not only diversifying its
global footprint, but also gaining valuable insights into
the AI needs and trends in the Middle East.
This collaboration is a strategic move that could set a
precedent for how AI companies and regional tech giants can
work together to drive innovation and technological
advancement. For Open AI.
This partnership is a step towards becoming a global AI
powerhouse, demonstrating its ability to forge important
international connections and tailoring its technology to
diverse markets. Now, Open AI's recent turmoil,
including Altman's brief ouster, has some investors on edge.
But with Altman back in the saddle and a new board Open AI
sending a clear message, they're back on track and they're
doubling down on their vision. This turn around was crucial,
reassured stakeholders and kept the Open AI ship steady amid
choppy waters. It's about keeping the focus on
innovation and moving forward despite the bumps in the road.
Now this potential $100 billion valuation isn't just a number,
it's a statement. Open AI is not just riding the
AI wave, they are in the lead, and this funding round is a
critical chapter in this story. Now, this development isn't just
about Open AI, though. It's a barometer for the whole
AI industry. It shows that the market's
appetite for AI and it's confidence in the technology's
future. Open AI is at the forefront, and
everybody's watching them and they're diversifying.
They're aiming to dominate in the chip venture, the tender
offer. It's all part of a bigger
strategy to submit their place in AI history.
They're not just playing the game, They're winning it and
they're changing it. Hey, thank you so much for
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